Letter of Credit

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Letter of Credit from 11.5% p.a. – Compare 50+ Banks & NBFCs

A letter of credit (LC) is a bank guarantee of payment to your supplier, used in domestic and international trade. Free eligibility check, offers from 50+ lenders.

Check Eligibility & Apply → 💬 WhatsApp Us

11.5%

Interest Rate p.a. onwards

₹5 Cr

Maximum Loan Amount

5 Yrs

Maximum Tenure

3–5 days

Avg. Approval Time

Why Choose Us

Everything You Need for a Letter of Credit

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Competitive Interest Rates

Rates from 11.5% p.a. We compare 50+ lenders to find the lowest rate for your profile.

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Quick Approval

Approval in about 3–5 days for eligible applicants, with digital KYC.

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Minimal Paperwork

A short document list and online application, no running around.

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50+ Lenders

Banks and NBFCs compared side by side, so you pick the best offer.

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Transparent Charges

Know the processing fee, prepayment and foreclosure charges before you commit.

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Expert Guidance

A loan expert calls you within 30 minutes and helps you through approval.

Requirements

Eligibility & Documents

✅ Eligibility Criteria

Business vintage of 2–3 years (1 year for some NBFCs)
Business must be profit-making with ITR filed for 2 years
CIBIL score of 700+ preferred for the owner/promoter
Minimum annual turnover as per lender (often ₹10–15 Lakh+)
Age 25–65 years at loan maturity

📄 Documents Required

PAN & Aadhaar of owner / partners / directors
Last 2 years ITR with computation
Last 12 months' bank statements
GST registration and returns
Business proof (Udyam/Shop Act/partnership deed)

About

All About Letter of Credit

A letter of credit (LC) is a bank guarantee of payment to your supplier, used in domestic and international trade. It reduces supplier risk and helps you buy on credit terms.

Bank-backed payment assurance to suppliers
Useful for imports and bulk purchases
Issued against a sanctioned limit

How to get a Letter of Credit

Apply online by sharing a few basic details.
Compare offers from 50+ banks and NBFCs through our expert.
Complete digital KYC and upload documents.
Get approved and receive funds in your bank account.

Our Partners

50+ Banks & NBFCs

FAQs

Frequently Asked Questions

What is a Letter of Credit? ▾

A letter of credit (LC) is a bank guarantee of payment to your supplier, used in domestic and international trade. It reduces supplier risk and helps you buy on credit terms.

What is the interest rate on a Letter of Credit? ▾

Rates start from 11.5% p.a. and vary by lender, loan amount, tenure, income and CIBIL score. After a quick eligibility check we show you the best offers for your profile from 50+ banks and NBFCs.

What documents are needed for a Letter of Credit? ▾

Typically pan & aadhaar of owner / partners / directors, last 2 years itr with computation, last 12 months' bank statements, gst registration and returns. The exact list depends on the lender and your profile.

How do I apply for a Letter of Credit on CibilBazaar? ▾

Fill the short application form, and our loan expert will call you within 30 minutes with the best offers. You compare, choose and complete KYC digitally. The service is free for borrowers.

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